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to carry out the agenda i campaigned on. new security for the middle class. right now our economy is growing and our businesses are creating new jobs. we are poised for a good year. if we make smart decisions in sound investments, and as long as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan -- one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research -- all the things that help us grow. now, step by step, we've made progress towards that goal. over the past two years, i've signed into law about $1.4 trillion in spending cuts. two weeks ago
there for the president, things we haven't thought of, foreign policy crises yet to come and an economy that has been sluggish. a couple of things to realize. first of all the economy has not been in that great a shape and the president was reelected nonetheless. while eventually i think voters might get fed up with his economic stewardship, they might not. secondly whether the president wants to hold up shiny objects for the press, we know the debt ceiling fight will come to a head. we know it will be a major clash. the president wants to maintain upper hand here. not so much what you or i might think is really going on. it is what voters think is going on. how they see things. he wants to maintain his image at a reasonable, rational guy versus a, band of republicans he wants to faint as extreme, out of touch and unreasonable. jon: weill look for him to, at that conversation at this news conference. david drucker. >> that's correct. that's what it is all birks we'll have to leave it there. thanks, david. >> anytime. heather: as we wait for the news conference scheduled to take place just about 11:30
coming this week. joining us now is jeff clinetopp at lpl financial. on the economy, dick hoey. jeff, it's going to start with you because i'm interested to see we could have not just a lower than expected increase in earnings this year, but maybe even a negative year since aus thegs companies and profit margin is were peaking. is it possible the s&p earnings do not grow this year? >> there's a distinct possibility earnings don't grow. our expectation is they grow a very small amount, but a lot of that is coming from share buyback these year. this quicker alone is a testament to that. this fourth quarter, supposed to be the lowest earnings dollar total for any of the quarters of last year. that's not the way it's supposed to work. fourth quarters is supposed to be the highest earnings total. but we've got that uncertainty lingering for 2012. this week, we'll hear from a lot of the fms. they have the highest earnings expectations for 2013. mortgages are doing well. but the less favorable -- >> and we know how difficult it has been to grow revenues year over year. so that's difficult and y
spend on everything from education to public safety less as a share of the economy that has been true for a generation. that is not a recipe for growth. we have to do more to stabilize the finances over the medium and long-term, and also spur more growth in the short term. i have said i am hoping to making modest adjustments to programs like medicare to protect them for future generations. i also said we need more revenue for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
in part, difference to the sluggish economy and the challenges that the nation faces and the crowds will be smaller. george h.w. bush and george w. bush won't be here. there have been pres debts where presidents in the past haven't made it. george h.w. bush just got out hospital, which is why they won't be here. mitt romney won't be here. the last time a vanquished opponent didn't show up was in 1985 for ronald reagan, and walter mondale was a no-show. that was the last time that the 20th state fell on a sunday and they had to do the monday as i rememberrial, versus another day. and back in those days, it was the coldest one on record, 7 degrees. there will be differences between the obama 2009 and 2013. four years ago, the crowd estimate was nearly 2 million people. there is a big parlor game about whether the crowd estimates on the mall are ever accurate. but nearly 2 million. now they are saying between 600- to 800,000. and there are a series of other things. and the money. four years ago, the obama administration, the obama campaign raised $53 million for the inaugural with pers
for new jobs, new opportunity and new security for the middle class. now, right now our economy is growing and our businesses are creating new jobs. so we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. that would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make people and education and jobs and science research. step by step, we've made progress towards that goal. over the past two years i've signed into law about $1.4 trillion in spending cuts. two weeks ago i sign
for our economy. so important for our public safety. so important for emergency response as we witnessed here in the northeast of the country. and so, while the fight was long and at times, unnecessary, at least the vote was taken today and we move forward. mr. garamendi: thank you, mr. tonko. the bill now is out of this house. it's already in the senate. we expect the senate to pass it probably tomorrow or the next day. certainly before the inaugural on monday and then the president will sign it shortly thereafter. bringing that kind of relief. you mentioned the jobs issue and people need to go to work. when we have these natural disasters and we come forward with the kind of support that we have seen today and will soon be available for new jersey, new york, connecticut and the surrounding areas, people go back to work. those people that have received immediate fema support for housing, for clothing, for food, that money is immediately spent into the economy. on the infrastructure side, it's crucial when the subways of lower manhattan flooded, the world's financial institution took a w
the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desireable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. good judgment seeks balance in progress, lack of it eventually finds imbalance and frustration. >> words of president eisenhower 52 years ago. are those words relevant today as he talked about what government can and cannot do in solving problems. that speech is still available online. and pointing out those remarks giving the country a dire warning about what he described as a threat to democratic government. he also used the phrase military industrial complex. since then that has become a rallying cry of opponents for expansion. in an effort to control the expansion of the military industrial complex the president sought to cut the pentagon's budget. he wanted a budget he said the country could afford. share your thoughts about the role you t
time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. unions say, cheaper labor has a cos
is messing around with the full faith and credit of the united states. it would be bad for the economy when we played that game of russian roulette back in august of 2011. you could see the economy decline. you could see job creation going away. i'm with newt gingrich on this one. newt gingrich had taken a strong position that we should not use, that the republicans should not use the debt ceiling as leverage in this cutting spending. let's use the continuing resolution. let's use the sequester, but don't use the debt ceiling. that's a bad idea. >> president said he won't negotiate on the debt ceiling. >> i think he's right on that. >> senator, thank you. good to see you. >> thank you. nice to see you all. >>> and we spoke to supreme court justice sonia sotomayor. she spoke with scott pelley about her new york city home and reputation as a tough corporate lawyer. >> you write in your book that one day one of the associates one of your colleagues was on the telephone, and he described you, your words, not mine as one tough -- >> his words. >> as one tough bitch. >> yea
. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american public could support it in the senate as well. >> the house is also suggesting a policy of no budget, no pay. if lawmakers fail to do their job, the american people shouldn't pay them. bill? >> bill: what do democrats say about all of this, mike? >> they seemed to welcome the idea, the republicans sound willing to extend the debt ceiling. a spokesman for majority leader harry reid says if the house can pass a clean debt ceiling increase to avoid default and allow the white house to to meet its existing obligations we will be happy to consider it. they don't want the drama. >> debt ceiling in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that washington is about to, you know, engage in another process that results in a self-inflicted wound to the economy. >> this afternoon, carney calls on congress to pass an extension of the borrowing limit without delay. bill? >> bill: get rea
the in relation being released, the minutes from three emergency sessions that the fed at a time when the economy was i'm going to say, adding. there could be some dramatic exchanges, how often insiders says there had to be embarrassing stuff in there. if there wasn't these documents wouldn't be released. peter barnes and the rest of the d.c. team sifting through the paperwork looking for a headline and if they find something worth reporting we will bring it to you. it will take time to go through them but we are doing it. check the big board. we are about 13,600 on the dow with a 12 point gain at this moment and here is the company friday morning as usual, fox news contributing and best-selling author monica crowley is here, charles payne is back and nicole petallides on the floor of the new york stock exchange. apple stock still dancing around 500? nicole: they and around 500. why not 700 where it was in september? when everybody was saying 800? 1,000? showing endlessly higher and didn't do that. $500.50. stuart: what are are those people? with a $1,000 stock remember. nicole: hiding under a ro
. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> turns out that the subway footlong is sometimes 11 inches. we have been $5 foot wronged. now we know how jared lost all that weight! he starved to death! subway, it is over. i'm going to be keeping you honest by measuring every sandwich with the most accurate means possible, my fruit by the foot. >> i don't know, lance armstrong, manti te'o, now subway sandwiches. >> who can you trust? >> my world is crushed. let's take a look at the "morning papers." "the financial times." china's economic growth has hit its slowest rate in 13 years. still the country's gdp grew by 7.8%. economists say it could have been worse. they note amid concerns of a slowdown, china's government has spurred heavy investment in inf infrastructure. >> "usa today." congress, inexperienced. 40% of lawmakers in the house have fewer than three years' experience. the lowest number since at least 1995. as a result, new members are often receiving committee as
are and as much as we can tell about the economy and financial sector, we will be obsessed with jamie dimon, if he didn't get as much of a bonus as normal because his pristine reputation because of the wale slipping -- thing we can find as members of the media. >> $6 million trade on a balance sheet of -- >> i don't know how much they made in spite of that. a lot. >>> speaking of the bank, another -- >> look who's here! >> and dressed normally, too. >> can we get the man a chair? he can't sit -- ♪ >> we thought you were trying on different zweaters. on a day like this, what is the right look for a young, happening, dashing -- >> what -- what -- >> you have time. don't do this to viewers. it's not that important. did you not get make-up? >> no. he didn't. >> look at -- this is natural beauty. >> you didn't shave -- you really think you need to be here that much that you can't get make-up? >> absolutely. >> taking one for the team. >> all right. >> speaking of this -- stay on us, please. morgan stanley will take -- you can get powder or something if you want. just headlines -- >> the women didn't
, he's got a hundred days, really maybe a year to create his legacy. we're hearing the economy, taxes, gun control, immigration, energy policy. i look for him to hit on those themes, and i look for a theme of unit. i'll look to see if he can bring boehner and the republicans over or if he's going to try to exercise in a second term as a campaign style president, one role he's more comfortable in, really, than governing. >> just briefly here because we mentioned history and we started off the show talking about president george washington's second address which was only 135 words, shortest in history. when you look over history, what do you look to as a very significant inauguration, a point of comparison, if you will, to others? >> sure. well, this one feels to me like bush's, g.w. bushes 2004 election. i look to others as more inspirational. i look at the highenned security during lincoln's reelection where he referenced god 14 times, trying to bring the country together during a civil war that was dividing our nation. i look at the depression and fdr, trying to tell people that fear
, which is that the economy started talking. nobody lessons to planers. wish i'd been there when about why we feel certain answer certain ways. burma since then they say this'll make you for a richer. the doctors started paying these communities are killing us, which i'll get into. finally, even more recently the environmentalists figured out the city was the way to save the country and the countryside. so those three issues, none of which are original research on our part from the basis for having a much more legitimate and arguable support for city life over suburban life. so what are they? the first question to ask is where do people want to be in america? portland is a prime example. statistics are amazing. during the 90s, your millennial population increased by 50%, five times the rate. educated millennial swing it so much higher because of the environment offered. the first thing interurban competitiveness for community competitiveness is where do people want to be and he's moving cities. every city i work in, they want to attract engines of lunch premiership. 64% in favor they want
to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice with three of your daily vegetable servings in every little bottle. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ ♪ into a scooter that talks to the cloud? ♪ ♪ or turn 30-million artifacts... ♪ ♪ into a high-tech masterpiece? ♪ ♪ whatever your business challenge, dell has the technology and services to help you solve it. ño?
' medical facilities, and help keep the economy moving by funding necessary repairs, small business loans, and recovery aid for businesses of all sizes. my committee thoroughly examined the emergency request, listened to the needs of the people and the region, and assessed the most pressing needs to determine the funding levels paid in this bill. we crafted this legislation responsibly, giving the administration's request and the senate passed bill a hard scrub to eliminate unnecessary spending. we have removed objectionable provisions added by the senate and have adjusted funding levels to make the best use of taxpayer dollars. as we know, we face precarious fiscal times and it's essential that congress make responsible decisions to ensure efficient and effective spending. taking cues from previous efforts we have included important oversight measures to prevent abuse and ensure that federal agencies are using these funds effectively and appropriately. this is not the first major natural disaster nor unfortunately will it be the last. one of the great attributes of the american people ha
economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that com
? it's hard enough getting jobs right now in this economy. veterans' unemployment is a little bit higher than the national rate. then you have people who are dealing with some type of wound as they try to get back into the workforce. do we have to curry the jobs towards their skills? >> no, i don't think so. i think these disabled veterans bring lots of skills and leadership skills as well as the breadth and depth of experience they had in the services back to local communities. what has occurred is the u.s. army in 2007 asked the national organization on disabilities to help develop a solution to this problem, and they created three locations in north carolina, texas and colorado to work very closely with these stabled veterans. it was one on one with other veterans working with veterans, primarily disabled with disabled, very career-intensive veterans centric and focused on transitioning them back into civil society. the success rate has been over 70% of those veterans after 18 months have a job or they're in some sort of educational environment to include vocational training. i
spending will eventually collapse the entire u.s. economy. this could be our last warning. lou dobbs will analyze. >> this is the president, i think, who has drunk the kool-aid. he is feeling right now high on his own power. is that true? is president obama becoming so rigid that he is unable to governor? carl rove has some thoughts. >> did you feel about bad about it? >> no. even scarier. >> did you feel in any way that you were cheating? >> no. >> lance armstrong pretty much admitting he is a sociopath. is he really sorry for his doping and lying? gutfeld and mcguirk on that. >> bill: caution, you are to enter the no spin zone. the from south florida. the factor begins right now. >> hi, i'm bill o'reilly reporting tonight from south florida. thanks for watching us. are we the people responsible for the chaos that is involving enveloping america? folks are responsible for the government they get. folks could have thrown hitler out they did not. russian ares fought hard for stalin. the chinese surrendered to move. the cubans allowed fidel castro to take away their liberty. the folks
water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> a rally on wall street and exact change. some bank customers will soon have that option at atms. lauren simonetti is live with this morning's business beat. happy friday to you. >> happy friday. we made it. >> let's talk about the markets. the stock rallied on thursday. >> partying like it is 2007. take a look at the s&p 500 t closed at its highest level in five years, 1481. if you tax alook at the dow, it did hit a five-year high, fail to close there. off by just 14 points. so the market is on fire. you have to ask yourself are we optimistic or just plain old stupid inform you look at the economy, no one feels like it is as good as the stock market is doing. >> i really would love to be able to go to an atm if i was out shopping. and get maybe $5 or $7. >> they are opening up thousands atms across the nation that will dispense $1 and $5 bills, some even giving you coins. you know, you need $45, right but the atm will only let
economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs of medical expenses, which he said he was going to do. he did nothing. he struck back room
'll turn to the economy now. a new warning about the united states and our credit rating as the debt battle kicks into high gear. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part c
, when you consider the impact of drought in the economy, in some nations in africa it has been up to 9% of the gdp of the nation's. for instance, in zimbabwe or even in kenya. so when you consider all this, i think more need to be done for preparedness and for early action. unfortunately the question is why is it the information on early, early warning, i think it's because first, drought is not a kind of charismatic disaster. it's not like tsunami or earthquake. it has little subterranean impact. second, we're experiencing more frequent drought. we are reluctant to take action on early warning because maybe they're concerned about taking action and being found wrong. so uncertainty is something that scientists alike. i think my third point also might be that one might say why should we act so early? we may undermine the capacity of committee. so when you put all these together, you may have some reasons why early warning is not leading to early action. >> thanks for the question. this issue crosses pretty much everything we are going to hear. why you said that information about the fu
in an effort to fight lower enrollment rates due to the bad economy. is this trend going to continue? joining us to talk about it is university maryland economist peter morris se789. half of the declines, why are more young are deciding to forgo college education? >> the cost have jumped a lot and the graduates can't find jobs. there is a sense that it doesn't pay out. you get set with a lot of big loans and join the service, learn a trade. go to a community college and skip university all together. >> gregg: president obama wants everybody to go to college? >> it doesn't pay out. most stated universities offer diplomas that don't lead to a marketable skill. there are too many graduates working at starbucks these days. >> gregg: "wall street journal" analyzed this way. take a look at this. facing stagnant family income, shaky job prospects and a smaller pool of high school graduates, more schools are reining in tuition costs. is it possible that some tuition costs may actually go down, or we simply talking about slowing the rate of increase? >> i think it's slowing the rate of increase. it's
that we have a uniform rule of economy gent circumstances. that, her suggestion complies with your objection. >> well, if i'm understanding it correctly, i think our point is this, which is that the police officers have to act reasonably in the situation. in the situation they know for sure the evidence is going to be lost, they know that every minute is critical, for example -- >> so many situations in which we require a warrant, nevertheless. when there's drug dealing in a house, every time -- it's almost a certainty that they're going to use the drugs, and that evidence is going to disappear. you rely on knowing that there's likely to be telltale signs left over. and that's the same thing you do in an alcohol situation. you rely on the testimony of the police officer, you rely on the implied consent presumption. it's not as if this is destruction of all evidence. and not like a fleeing situation where someone gets away, you have nothing left. this is vastly different. >> i mean, with respect we disagree. this evidence is critical, and the number matters. i mean, it is the case t
sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. >> each weak day >> (applause). >> and a rapidly growing youth ministry in australia is getting a worldwide following and inspires young people to turn off the video games, get off the couch, and focus on a greater cause. their worship experience looks more like rock concerts, but they're very effective in spreading god's message to the thousands. >> ♪ >> you might feel insignificant, feel like a nobody, but i'm here to tell you, you are inmajority every time. >> mike: next weekend in san diego, planet shakers will be holding their first concert in the united states. please welcome the russells, and h
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. blockbuster earnings from j.p. morgan, and goldman sachs. but will they be able to keep up the pace? >> tom: i'm tom hudson. the growing concern over america's ability to pay its i.o.u.s is turning into a debate over the definition of a "debt default." why washington's wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast
of expectations and its shares turned negative after-hours. >>> good news on the u.s. economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned two americans are on their way to london. bp is pulling nonessential personnel out of algeria. details here still very fluid. there is a lot of conflicting reports out there. here to help us sort it out, john bolton, former ambassador to the united nations. he is also a fox news contributor. i want to start out, can you put this in perspective for us. how big of a deal is it to the u.s.? >> i think we should consider it very significant. even though it is in algeria a long way away. when you combine it with the hostilities in
increase -- once you get economies of scale going it will increase the cost of the gun ten to 20%. >> i work here at the school for public health. i just had a comment about the large capacity magazines. i was in a discussion with some friends of mine who are law abiding gun enthusiasts about the large capacity magazines and they said you can ban the 40 round magazines, but they said if i wanted to kill a lot of people i could just have 310 round magazines i could pop onto my weapon. i saw some of the logic of what they were saying to the i guess my comment and my question would be it's a little hard for me to feel like we can make reasonable decent progress in reducing gun deaths when we live in a country where someone so many people think it is fair the constitutionally given right to own a machine that fires projectiles designed to kill large numbers of people. how are we going to make qualitative progress when we have so many people in such a large lobbying industry for the gun manufacturers that support that idea? thank you. >> a fi in the first comment. we are already making progr
apply the u.s. still driving the u.s. economy. >> this is a big problem. big problem for driving businesses out of the united states. one of the most shocking things i thought was that europe and that office condition is narrowing the gaps to the united states as far as their economic freedom. sweden. another way, germany. this is where a lot of businesses want to go to duck business. they are leaving the united states in many cases. also switzerland only consider three economic freedom country in the world. grease again mostly unfreed according to the raifrngings. the most shocking thing is the united states continues to fall in the rankings. the overall trend however is some good news. there is good news here. economic freedom seems to be increasing. bad news for us at home is a lot of businesses may be taking here. we need them to keep people from being greedy and corrupt and whatnot. >> i think a big part of this study was government spending. in the overall global improvements we have seen in economic freedom is people are cutting back in spending. that's improving overall g
that the global economy will grow by 3% this year. the revised figure is 2% to 4%. officials largely blame the u.s. and europe for the drop. they said political squabbling over the fiscal glif and the upcoming debt ceiling debate pose big risks to the worldwide economy. the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewe
-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over 20 years for not taking into account the cost of living that different states with housing and food and clothing. john: there was the old poverty rate measure were texas lost 16 percent of the people in california were in poverty, of 17 percent in texas but now it includes the cost of living. >> and government benefits. with this new measure would week after the election news see the state with the highest poverty rate in the nation is california even higher than the district of columbia. that should be a warning to progressives who maintain the big government model is the path of to prosperity. we argue it is the opposite. texas is a mo
at that! people are now wearing surgical masks. the pollution has been growing in china since the economy took off with factories, power plants and cars pumping out smoke. the governor of texas said that banning planned parenthood would not hurt women. what's happened now when we come back. back. y men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood p
for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> as you would expect, republicans quick to respond. senate minority leader mitch mcconnell said in part the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it. republican congresswoman marsha blackburn of tennessee took it a step further, suggesting her party was ready for a government shutdown. >> we're going to look at all of these options. you know, there is the option of government shutdown. there is an option of raising the debt ceiling in short-term increments. >> would you be willing, if you don't get the kind of cuts that you think are necessary, would you be willing to go into default or to shut down the government? >> i think that there is a way to avoid default if it requires shutting down certain portions of the government, let's look at that. >> according to a recent gallup poll, there are growing concerns about washington's
year and the fourth year. >> harder when he's a candidate to an achieve. the economy, they said if they passed the massive unemployment, it'd keep under 8%, it was spiked up to 10% and down to 7.8 and they say it's a fail. and killed osama bin laden, and passed health care, what kind of program we'll be we're only getting it now, it passed two years ago. >> alisyn: and iraq, promised to end iraq and making steps towards that as well. >> iraq and afghanistan. >> although unemployment continues to be a problem. i read this morning one more person unemployed, manti te'o's imagery girlfriend has lost her job. >> her imagery job. >> she didn't show up. >> we found out she was alive before she didn't exist. >> and people in kentucky picked up a phone and senator mitch mcconnell was calling them on the television and recorded a message sent out to about 250,000 people who live in kentucky. and who own guns who are hunters and he personally pledged as the minority leader in the u.s. senate, he will not allow the president's gun control measures to go through. and here is a little bit of
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